Author Topic: We already have a Wealth Tax it is called Council Tax  (Read 1707 times)

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The Prophet

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We already have a Wealth Tax it is called Council Tax
« on: March 01, 2013, 09:18:32 am »
First we had Rates; a tax levied on all property owners based on a projected rental income.
Then we had the Poll Tax where everyone in the community paid an equal share towards the cost of the services used by the community.
Currently we have Council Tax.

Council Tax is based on property values and is paid only by property owners.
The more a home is worth the more Council Tax the owner pays. 
Any so-called Mansion Tax intended to be charged on properties valued at more than £2million, will become just a mechanism to expand the scope and the amount collected and will be used as a starting point for a general tax on your wealth.